BARNES STATE
BARNES STATE is a Texas gas lease in Potter County, Railroad Commission district 10, operated by Burnett Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 527,594 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $49K, with roughly $12K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 683 thousand cubic feet a month. Its strongest month on the record we hold was February 2020, at 1,689 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about BARNES STATE
- Who operates BARNES STATE?
- BARNES STATE is operated by Burnett Corp., Railroad Commission of Texas operator number 110000.
- Where is BARNES STATE?
- BARNES STATE is a Texas gas lease in Potter County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 024445.
- Is BARNES STATE still producing?
- BARNES STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BARNES STATE is August 2026.
- How much has BARNES STATE produced?
- BARNES STATE has reported 527,594 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BARNES STATE worth?
- The remaining production from BARNES STATE is estimated to be worth about $49K in total as of 26 August 2026, within a range of $38K to $60K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BARNES STATE is a fraction of it. The estimate fits an Arps decline curve to the production BARNES STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BARNES STATE is an estimate of value, not an offer and not an appraisal.
- How much income does BARNES STATE generate in a year?
- BARNES STATE is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BARNES STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Burnett Corp. |
|---|---|
| Field | Panhandle, West |
| County | Potter County, Texas |
| RRC district | 10 |
| Lease number | 024445 |
| Wellbores | 1 |
| Reported production | 527,594 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $49K |
Where BARNES STATE sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.